This Vanguard Fund Could Turn $450 Per Month Into $1 Million in 30 Years
The Vanguard S&P 500 ETF is a top fund that tracks the overall market and charges minimal fees to do so.
Overview
Creating a million-dollar portfolio may not be easy, but for investors who can afford to save and invest $450 per month over the long haul, it is certainly a possibility. By putting that amount of money each month into a safe exchange-traded fund (ETF) that tracks the market, and that incurs low fees, investors can put themselves on track to building up a portfolio worth at least $1 million in the future.
It may not be quick, as it could very well take 30 years or more of regular monthly investments to get there, but it is possible to achieve. Here's how.
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Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.